Starting an Axie Breeding Farm

tl;dr;

To start a profitable breeding farm you will need three high purity (>90%) Aqua Axies that have the following body parts: Sponge (back), Risky Fish (mouth), Shoal Star (horns) and Nimo (tail). If purity needs to be sacrificed for affordability do it on the eyes and ears of an Axie.

Update: The research for this article was done previous to Sky Mavis announcing changes in their reward system that had a ripple effect on the Marketplace decreasing the value of some types of Axies.

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Axie Infinity, the Money Printing Machine

In this new generation of apps where blockchain meets video games new vehicles for investment arise that use NFTs in a novel way. Axie Infinity has been at the forefront of the movement with a staggering growth of its user base and volume transacted in its marketplace.

In a previous article I did an analysis of Axie Infinity’s blockchain tech stack to understand how robust their technology is before even considering a credible investment opportunity. You can find a link to that article here. Today I’ll focus instead on analyzing its investment potential.

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